Ex-Aerokinetic GC Loses Bid To Toss SEC Case

Law360, New York (June 17, 2009, 12:00 AM EDT) -- A judge has rebuffed a bid by the former general counsel of Aerokinetic Energy Corp. to dismiss a lawsuit brought by the U.S. Securities and Exchange Commission alleging he violated securities laws with a fraudulent unregistered securities offering at the company.

In an order filed Wednesday in the U.S. District Court for the Middle District of Florida, Judge Richard A. Lazarra rebuked Daniel W. Nodurft's arguments that the SEC failed to state a claim and failed to join necessary parties. The judge noted that the SEC...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.